Japan's Nissin Foods noodle unit plans $145 mln IPO in Hong Kong

Nissin Foods Holdings

29/11/2017 02:14

HONG KONG, Nov 29 (Reuters) - Nissin Foods Co Ltd, an 
instant noodle unit of Japan's Nissin Foods Holdings Co Ltd 
 2897.T , said on Wednesday it aims to raise up to HK$1.13 
billion ($145 million) in an initial public offering of shares 
in Hong Kong. 
    Nissin Foods Co plans to offer 268.58 million shares in the 
IPO, of which 10 percent will be earmarked for retail investors, 
at an indicative range of HK$3.45 to HK$4.21 apiece, the company 
said in a filing on Wednesday. 
    The final offer price will be announced on Dec. 8 and trade 
in the shares is expected to begin on Dec. 11. 
($1 = 7.8038 Hong Kong dollars) 
 
 (Reporting by Donny Kwok; Editing by Edwina Gibbs) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: NISSIN FOODS CO IPO/HONGKONG